What is an origination fee on a loan?

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01-02-2022
Computers and Technology

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What is an origination fee on a loan?

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27martinj4 27martinj4 · Answer 1 · 2022-02-01T11:15:54-05:00

27martinj4 27martinj4

01-02-2022

Answer:

A mortgage origination fee is a fee charged by the lender in exchange for processing a loan. It is typically between 0.5% and 1% of the total loan amount. ... The origination fee itself can cover a variety of things, some of which may be broken out in your Loan Estimate.

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